What is a key characteristic of Fraternal Benefit Societies?

Fraternal Benefit Societies are uniquely characterized by their emphasis on charitable and benevolent activities. These organizations are often founded on a lodge system or social group framework that promotes a communal bond among their members. They offer various types of insurance to their members, but what sets them apart is their mission to view insurance as a tool for mutual aid and community support. This focus allows them to engage in community service, charitable initiatives, and provide support for members in need, reflecting their core value of mutual benefit rather than solely profit-driven motives.

Although they provide insurance products, their altruistic nature is underscored by the various charitable events, programs, and financial assistance they offer to both members and the community at large. This model challenges the perception of insurance organizations solely as profit-making enterprises, highlighting the social aspect inherent in Fraternal Benefit Societies.